Series: IMF Working Papers
Author(s): Bas Bakker , and Leslie Lipschitz
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 22 August 2014
Keywords: crises, capital inflows, exchange rate, real effective exchange rate, effective exchange rate, General, Macroeconomic Aspects of International Trade and Finance, Globalization: General,
This paper describes the anatomy of two types of balance-sheet macroeconomic crises. Conventional balance-sheet crises are triggered by external imbalances and balance sheet vulnerabilities. They typically occur af...